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Compensation
Pacific Life's compensation philosophy is to link performance and pay. In addition to a competitive base salary, all employees share in the Company’s financial success through a variety of variable incentive pay bonus programs. All employees participate in either our Variable Incentive Pay (VIP) Plan or a Special Incentive Plan.
VIP Awards – calculated annually by considering two performance factors: The organization's success in meeting its annual goals and each individual's personal performance.
Specialized Incentive Plans – these plans are designed to award employees based on achievement of specified personal and/or organizational goals.
Flexible Benefit Plan
Pacific Life offers group benefits coverage to provide for the financial security of employees and their families by providing a benefit dollar allowance to purchase coverage that is right for them.
Retirement Plans
Defined contribution plan (401K plan) – employee contribution rate of 2-35% and the company matches 75% of the first 2-6% of employee contributions.
Retirement benefit – employees receive non-matching company contributions of at least 4% of employee compensation allocated into a Retirement Benefit Account within our 401k.
Other Programs to Support Work/Life Balance
Pacific Life offers a variety of programs and services to our employees. We offer variable work schedules, a wellness program, sports activities/teams, volunteer programs, educational reimbursement and child scholarship programs. In addition we offer counseling to assist employees with family and work related issues.
We also offer credit union services, free parking, a non-smoking environment, fitness center discounts, travel and entertainment discounts, and a business casual dress environment.
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